The number of altcoin deposits sent to exchanges has risen 160% in two weeks. CryptoQuant says the count of deposit transactions is now the highest since October 2025. Cointelegraph reported the data on Sep 30, 2026, in a story by William Suberg.
CryptoQuant also found that the number of addresses making these deposits is at its highest level since October 2025. The analytics firm said this could mean potential selling pressure, because some holders may be getting ready to sell.
The report counts transactions and addresses. It does not show that a sale has happened. The article does not say which altcoins are involved, which exchanges received the deposits, or how much value was moved.
For someone already holding a perpetual position on Bitget, Bybit, MEXC or OKX, this changes nothing directly. A deposit count is not a funding rate, a trading fee, or a measure of order book depth. The source gives no data on any of those, so any effect on holding costs is not yet known.
Source: cointelegraph — Altcoin exchange deposit count jumps 160% in 2 weeks